UFX
Xtrade
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Overview
UFX was founded in 2007 and is headquartered in Republic of Vanuatu, while Xtrade was established in 2003 and is based in Australia. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. UFX serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $500 at UFX and $1 at Xtrade.
| Feature | UFX | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2007 | 2003 |
| Country | Republic of Vanuatu | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between UFX and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $500 at UFX). UFX charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Xtrade charges deposit fees; UFX does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | UFX | Xtrade |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
UFX offers MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. UFX supports social and copy trading features, which Xtrade does not offer. Xtrade edges ahead on platform breadth and functionality in our scoring.
| Feature | UFX | Xtrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how UFX and Xtrade compare. UFX has a video library; Xtrade does not. UFX integrates third-party research tools (Autochartist); Xtrade does not. UFX scores higher overall in education and research.
| Feature | UFX | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. UFX uniquely supports bank transfer and credit/debit card among the two brokers. UFX scores higher on deposit and withdrawal flexibility.
| Feature | UFX | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both UFX and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. UFX offers multilingual support. Both brokers are comparable on support quality.
| Feature | UFX | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |